The most interesting part of this article is that our theory that third parties were actually paying the loan payments due to third parties that had “purchased” the mortgage loans, is validated. This of couse presents an interesting problem in foreclosure defense: the defense of payment is now doubled — one for the money received […]

Tags: bank losses, derivatives, foreclosure defense, payment
Posted in Eviction |

SEE GARFIELD’S GLOSSARY AND TACTICAL GUIDELINES  https://livinglies.me/glossary-mortgage-meltdown-and-foreclosure/ THE UNDERLYING THEME OF THE MORTGAGE MELTDOWN WHICH HAS SIGNIFICANCE TO FORECLOSURE DEFENSE IS THAT FOR EACH “LOAN” TRANSACTION THERE WERE CORRESPONDING INVESTMENTS IN ONE OR MORE ASSET BACKED SECURITY, BOTH (MORTGAGE AND ABS) DEPENDENT ON EACH OTHER FOR THEIR CREATION. THE SPREADING OF RISK, THE OBLIGATION FOR […]

Tags: affirmative defenses, counterclaims, foreclosure defense, jurisdiction, mortgage securitization, payment
Posted in Eviction |